The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1887-09-08
The Cotton ByOyenent,

The New York Financial Chronicle. in
it's review of the movement of the cotton
crop for the week ending on the night
Of August 2G, says that the total receints
have reached 1920 bales, against {. .6I9
bales last week, 1920 bales the bro
Vlous week, and ], ,499 bales three weeks
since.
The exports for the week reach q total
OF 22,3l5 bales, of which 1856 were to
Great Britain, 2,548 to France, and 9. 1872
to the rest of the continent.
Tho total sales for forward delivery
for the week are 387, 200 bales. For I'M
mediate delivery the total sales foot up
1l,276 bales, including 5,475 for export,
0,SOl for home consumption.
The imports into continental ports
for the week have been 5000 bales.
There is an increase in the cotton in
sight OF 3d. bales as compared with
the same date Of 1886, an increase of
5S,516 bales as compared with the cor
responding date Of 1885, and decrease
OF 3l3,9J0 bales as compared with 1854.
The old interior stocks have increased
during the week 2S4 bales, and were,
Friday night, 21 1884 bales less than at
the same period last year. The rcceirts
at the same towns have been 727 bales
less than the same week last year.
Although tho receipts at the outports
the past week were 1920 bales, the
actual movement from plantations WAS
only 10, $40 bales, the balance going to
increase the stock at the interior towns.
Last year the receipts from the p!anta-
lions Tor the same week w4ro l2,2O7
bales, and for 1885 they we're II, ,G2I
bales.
The figures from Bombay show de-
crease compared with last year in tive
weeks receipts of 1900 bales, and 10
change in shipments, and the shipments
since january l show an increase of 49,
600 bales. Since January the total cx-
ports of cotton to Europe from all India
have been 1882, 900 bales.
The Chronicle says that cotton for fu-
ture delivery at New York for the week
under review has been sluggish and re-
Stricted almost wholly to the brokers
and regular operators on the floor Of the
Cotton Exchange, attracting very little
attention from outside parties. The
feature of the week was the sharp ad-
vance On Saturday last, on q demand to
cover contracts, arising from the belief
that "bear" influences had been exhaust
ed for the present. Monday and Tues
day saw the loss OF part of this advance
under sales to realize. Foreign advices
and crop accounts had little effect, be-
cause not very decided in their character;
but the increased receipts at the ports
were depressing influence on Monday.
On Thursday notices were freely issued
for deliveries On August contracts, with
a very depressing effect upon options for
this month and weakening the whole
market, to which tho fall OF needed rains
in Iexs, and liberal receipts at Calves
ton III some degree contributed. Friday
there was further decline and vcry
unsettled feeling. Cotton on the SPOT
has met with a good demand for EXPORT
and homo consumption, and quotations
were advanced on Saturday, Tuesday and
Wednesday-1-16c. each day. Friday
prices receded Lice, middling uplands
closing ut 8 13-16c.
The Chronicles weather reports indi-
cate that beneficial rains have fallen in
portions of Texas during the week, but
that nt some points the drouth continues.
The correspondent at Columbia, Texas.
reports that i'll consequence of showery
weather, caterpillnrs have become nT-
mcrous and arc doing much damage. At
other points in the South the conditions
havo been fairly favorable. Picking is
progressing finely.